Cantor Fitzgerald Maintains Neutral Rating on Alphabet (GOOGL), Keeps PT

On Wednesday, June 4, Cantor Fitzgerald analysts reiterated a “Neutral” rating for Alphabet Inc. (NASDAQ:GOOGL) and maintained the price target of $171.

The analysts highlighted potential risks to Alphabet Inc.’s (NASDAQ:GOOGL) future earnings if it loses pre-installation agreements with Samsung.

Cantor Fitzgerald Maintains Neutral Rating on Alphabet (GOOGL), Keeps PT

A laptop and phone open to Google’s services in an everyday setting.

The analysts estimate a potential 3-5% decline in the company’s fiscal year 2026 estimated earnings before interest and taxes (EBIT) if Samsung’s search share falls by 40-50% because of competition from Perplexity.

Cantor Fitzgerald analysts also pointed out that Alphabet Inc. (NASDAQ:GOOGL) could face declines in search queries if it does not deliver effective AI-powered tools over time.

Alphabet Inc. (NASDAQ:GOOGL) owns and operates Google, which is the largest search engine in the world. However, the company relies heavily on collaborations with device manufacturers like Samsung to maintain its leading market position.

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